For Sale, 9,900,000 USD


Property Type : Multi-Family Home

Property Style : N/A

Build Size : 9,999 ft² / 929 m²

Land Size : N/A

Bedroom : N/A

Bathroom : 36

Half Bathroom : 0

MLS#: 73488551


Property Description

Rare 10-building, 30-unit multifamily portfolio in Worcester's desirable West Side, steps from WPI. Offered at $9,900,000 (7.1% cap, $330K/unit). Stabilized 2026-2027 gross income of $1,065,600 with NOI of $699,282. Unit mix includes 2BR-5BR apartments plus 4 garage spaces across 10 three-unit buildings. Most units have undergone extensive renovations and are in good condition. Student-driven tenant base provides consistent, scheduled annual turnover aligned with the academic calendar, keeping vacancy near zero. Located on Worcester's West Side the city's most stable and desirable rental submarket commanding higher rents than other areas. WPI (5820+ students, US News #82) drives reliable off-campus housing demand. Worcester County multifamily transaction volume hit $710M in 2025 with cap rates compressing to 7.2%. Portfolio available as a single transaction. Full Offering Memorandum attached to MLS
More
, United States,Massachusetts,Worcester is a 9,999ft² Worcester luxury Multi-Family Home listed for sale 9,900,000 USD. This high end Worcester Multi-Family Home is comprised of N/A bedrooms and 36 baths. Find more luxury properties in Worcester or search for luxury properties for sale in Worcester.